Iran's Exports to Russia Approach $1 Billion

In an interview with ILNA, Dehnavi emphasized the "remarkable potential" for further growth in exports, noting that Iran's trade with Russia is no longer confined to agricultural and food products, The Caspian Post reports citing Iranian media.

"In previous years, most of our exports to Russia were concentrated in agricultural goods and foodstuffs," he explained. "Fortunately, we have now expanded into industrial sectors, and soon, nearly half of our trade with Russia will consist of industrial and manufactured products."

Dehnavi pointed to several key areas of industrial cooperation that have recently gained momentum. “Currently, we are active in the steel sector and have achieved good export performance in containers, automotive parts, pipes, and profiles,” he explained. He noted that this diversification marks a major step toward strengthening Iran’s industrial presence in the Russian market.

The deputy minister also underscored Russia’s vast import capacity, which he estimated at around $300 billion annually. “A significant portion of Russia’s import demand can be supplied by Iran,” he said, noting that the two nations have complementary economies capable of fostering deeper trade integration.

Dehnavi cited the fisheries and aquaculture industries as examples of sectors where Iran’s exports to Russia have seen substantial growth in recent years. He stressed that Iran’s increasing engagement with its northern neighbor reflects a broader strategy of developing sustainable trade ties within the region.

“Russia, as a global economic and military power with strong political and economic relations with Iran, offers a valuable opportunity for the expansion of our exports,” he remarked. Dehnavi added that the geopolitical stability of Iran’s neighboring countries, coupled with strengthening bilateral relations, provides a secure foundation for continued trade growth.

As Iran’s trade with Russia continues to evolve from agricultural exports toward higher-value industrial goods, officials remain optimistic that the two countries are entering a new era of economic cooperation that could surpass the $1 billion milestone in the near future.